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Key factors that will influence whether $MORPHO hits higher or lower end of these ranges 🌟🚀
💝💰 Revenue capture / fee switch activation: If #Morpho protocol begins capturing meaningful fees (instead of zero or minimal revenue), that supports token value. 📈✨
Token buy-back or burn mechanism: 🔗⚡Reduction in circulating supply or active buy-back would shift token dynamics positively.
TVL growth, market expansion & chain integrations: 👾🐳 Adoption across new chains, deep vault usage, and strong metrics bolster fundamentals. 🔥💝
@Morpho Labs 🦋 #Morpho $MORPHO
Token supply/vesting schedule: Large unlocks or high inflation could press price lower; conversely, supply control helps.
Broader crypto market cycle: MORPHO is in the DeFi infrastructure space — it will likely benefit in a bull market and suffer in bear.
💝💰 Revenue capture / fee switch activation: If #Morpho protocol begins capturing meaningful fees (instead of zero or minimal revenue), that supports token value. 📈✨
Token buy-back or burn mechanism: 🔗⚡Reduction in circulating supply or active buy-back would shift token dynamics positively.
TVL growth, market expansion & chain integrations: 👾🐳 Adoption across new chains, deep vault usage, and strong metrics bolster fundamentals. 🔥💝
@Morpho Labs 🦋 #Morpho $MORPHO
Token supply/vesting schedule: Large unlocks or high inflation could press price lower; conversely, supply control helps.
Broader crypto market cycle: MORPHO is in the DeFi infrastructure space — it will likely benefit in a bull market and suffer in bear.
#Plasma Key metrics And current status 🌟🚀
🔥💰 Circulating supply: ~1.8 billion $XPL .
Total supply: 10 billion XPL. 🔗⚡
📈✨ Fully diluted valuation (FDV): ~$2.6 billion USD approximate.
All-time high: 💝🔥 Around ~$1.68 USD (Sept 2025).
👾💝 Mainnet beta launched around Sept 2025. Liquidity and stablecoin deployments already in billions. 🔥
@Plasma #Plasma $XPL
🔥💰 Circulating supply: ~1.8 billion $XPL .
Total supply: 10 billion XPL. 🔗⚡
📈✨ Fully diluted valuation (FDV): ~$2.6 billion USD approximate.
All-time high: 💝🔥 Around ~$1.68 USD (Sept 2025).
👾💝 Mainnet beta launched around Sept 2025. Liquidity and stablecoin deployments already in billions. 🔥
@Plasma #Plasma $XPL
Key factors that will influence whether $MORPHO 🌟🚀 hits higher or lower end of these ranges 🔥
💰🔥 Revenue capture / fee switch activation: If #Morpho protocol 💝🐳 begins capturing meaningful fees, that supports token value. 🔗⚡
📈✨ Token buy-back or burn mechanism:
♥️👀 Reduction in circulating supply or active buy-back would shift token dynamics 🌟🚀positively
🔥💰 TVL growth, market expansion & chain integrations: Adoption across new chains, deep vault usage, 📈✨ and strong metrics bolster fundamentals.
Token supply/vesting schedule: Large unlocks or high inflation 👾👀 could press price lower; conversely, supply control helps.
💝💰 Broader crypto market cycle: MORPHO is in the DeFi infrastructure space 🔥 — it will likely benefit in a bull market and suffer in bear.
On-chain indicators: Utilization rates, APY spreads, number of markets created, 🐳💝 vault AUM — strong improving numbers = positive.
Regulatory / macro risks: Lending protocols face regulatory scrutiny; macro downturns can hurt risk assets like crypto strongly. 📈✨
@Morpho Labs 🦋 #Morpho $MORPHO
💰🔥 Revenue capture / fee switch activation: If #Morpho protocol 💝🐳 begins capturing meaningful fees, that supports token value. 🔗⚡
📈✨ Token buy-back or burn mechanism:
♥️👀 Reduction in circulating supply or active buy-back would shift token dynamics 🌟🚀positively
🔥💰 TVL growth, market expansion & chain integrations: Adoption across new chains, deep vault usage, 📈✨ and strong metrics bolster fundamentals.
Token supply/vesting schedule: Large unlocks or high inflation 👾👀 could press price lower; conversely, supply control helps.
💝💰 Broader crypto market cycle: MORPHO is in the DeFi infrastructure space 🔥 — it will likely benefit in a bull market and suffer in bear.
On-chain indicators: Utilization rates, APY spreads, number of markets created, 🐳💝 vault AUM — strong improving numbers = positive.
Regulatory / macro risks: Lending protocols face regulatory scrutiny; macro downturns can hurt risk assets like crypto strongly. 📈✨
@Morpho Labs 🦋 #Morpho $MORPHO
Competitive landscape $XPL 💝🔥
#Plasma 📈✨ The global stablecoin market is large and traditional infrastructure (banks, SWIFT) is relatively slow, 🔗⚡ expensive. Plasma’s value proposition taps into that. 🔥
💝💰 However, many projects are chasing payments/bridging/scale; 🔗⚡ differentiating by being stablecoin-native (rather than general dApp chain) is a potential edge. 🐳💝
👀🔥 Many chains allow stablecoins, but Plasma is building features specific to stablecoin flows (zero-fee transfers, 📈✨ paymaster, custom gas). That can be meaningful if they deliver. 🔥
@Plasma #Plasma $XPL
#Plasma 📈✨ The global stablecoin market is large and traditional infrastructure (banks, SWIFT) is relatively slow, 🔗⚡ expensive. Plasma’s value proposition taps into that. 🔥
💝💰 However, many projects are chasing payments/bridging/scale; 🔗⚡ differentiating by being stablecoin-native (rather than general dApp chain) is a potential edge. 🐳💝
👀🔥 Many chains allow stablecoins, but Plasma is building features specific to stablecoin flows (zero-fee transfers, 📈✨ paymaster, custom gas). That can be meaningful if they deliver. 🔥
@Plasma #Plasma $XPL
Notable recent proposals $MORPHO 🌟🚀
📈✨ Proposal titled “Vote to Enable Transferability of the #Morpho Token” 🔥💰 (Oct 30-Nov 2024) — approved by the community. 🐳💝
🔗⚡ Proposal “MORPHO-ETH Protocol-Owned Liquidity (POL) Strategy” (Oct 2024) 🔥👾 — about deploying liquidity using DAO funds
👀♥️ in Uniswap V3 to support token liquidity on DEXs. 🌟🚀
Proposal “MORPHO On-chain 🔗⚡ Liquidity Strategy Improvement” (Jan 27 2025) — focusing on improving 🔥♥️ MORPHO token liquidity via single-sided liquidity provision and retail LP incentives, but not buy-back. 📈✨
💰🔥 The DAO has the power to activate and adjust the fee-switch (capped at 25% of interest paid). 📈✨ That’s relevant because fee capture would enable potential buy-backs or treasury accumulation. 🔥
@Morpho Labs 🦋 #Morpho $MORPHO
📈✨ Proposal titled “Vote to Enable Transferability of the #Morpho Token” 🔥💰 (Oct 30-Nov 2024) — approved by the community. 🐳💝
🔗⚡ Proposal “MORPHO-ETH Protocol-Owned Liquidity (POL) Strategy” (Oct 2024) 🔥👾 — about deploying liquidity using DAO funds
👀♥️ in Uniswap V3 to support token liquidity on DEXs. 🌟🚀
Proposal “MORPHO On-chain 🔗⚡ Liquidity Strategy Improvement” (Jan 27 2025) — focusing on improving 🔥♥️ MORPHO token liquidity via single-sided liquidity provision and retail LP incentives, but not buy-back. 📈✨
💰🔥 The DAO has the power to activate and adjust the fee-switch (capped at 25% of interest paid). 📈✨ That’s relevant because fee capture would enable potential buy-backs or treasury accumulation. 🔥
@Morpho Labs 🦋 #Morpho $MORPHO
What to Watch 🌟🚀 $XPL
🔗⚡ Monitor #Plasma the validator staking / delegation rollout and how decentralised the network becomes. 🔥💰
💝👾 Observe on-chain usage statistics: transfer volumes, number of unique users, 🔥 stablecoin flows, number of active dApps.
📈✨ Check for feature delivery: when confidential payments, full BTC bridge, custom gas tokens are live and how well they perform. 🌟🚀
Tokenomics / unlock schedule: 🐳💝 Keep an eye on upcoming unlocks, how tokens are distributed, 🌟🚀 and how many enter circulation.
🌟🚀 Partnerships & integrations: Which exchanges, wallets, payment systems, remittance providers adopt Plasma. 💰🔥
Competitive landscape: 💝💝How Plasma differentiates vs other stablecoin rails or payment-oriented chains.
@Plasma #Plasma $XPL
🔗⚡ Monitor #Plasma the validator staking / delegation rollout and how decentralised the network becomes. 🔥💰
💝👾 Observe on-chain usage statistics: transfer volumes, number of unique users, 🔥 stablecoin flows, number of active dApps.
📈✨ Check for feature delivery: when confidential payments, full BTC bridge, custom gas tokens are live and how well they perform. 🌟🚀
Tokenomics / unlock schedule: 🐳💝 Keep an eye on upcoming unlocks, how tokens are distributed, 🌟🚀 and how many enter circulation.
🌟🚀 Partnerships & integrations: Which exchanges, wallets, payment systems, remittance providers adopt Plasma. 💰🔥
Competitive landscape: 💝💝How Plasma differentiates vs other stablecoin rails or payment-oriented chains.
@Plasma #Plasma $XPL
Why buy-back matters $MORPHO 🌟🚀
📈✨ Here’s how a #Morpho buy-back mechanism would fit into Morpho’s token & protocol structure 💝💰
🔗⚡ If fees from markets/vaults accumulate,
🐳💝 those fees could be used to purchase MORPHO tokens in open markets or via pre-arranged aggregate contracts. 🌟🚀
👾💰 Purchased tokens could be burned (reducing supply) 🔥💝 or locked/staked which in theory increases scarcity and may improve value for token holders. 📈✨
🌟🚀 A buy-back signals value-accrual to token holders, aligning incentives.
@Morpho Labs 🦋 #Morpho $MORPHO
📈✨ Here’s how a #Morpho buy-back mechanism would fit into Morpho’s token & protocol structure 💝💰
🔗⚡ If fees from markets/vaults accumulate,
🐳💝 those fees could be used to purchase MORPHO tokens in open markets or via pre-arranged aggregate contracts. 🌟🚀
👾💰 Purchased tokens could be burned (reducing supply) 🔥💝 or locked/staked which in theory increases scarcity and may improve value for token holders. 📈✨
🌟🚀 A buy-back signals value-accrual to token holders, aligning incentives.
@Morpho Labs 🦋 #Morpho $MORPHO
Strengths $XPL 📈✨
🔗⚡ #Plasma A blockchain optimized for stablecoins rather than general 🔥 -purpose might mean fewer trade 💰💝 -offs and stronger product-market fit.🔗⚡
Ambitious backing & liquidity: 📈✨ The reported launch numbers are strong which suggests initial adoption. 💝💰
👀🐳 Technical design aligned with payments: Features like zero-fee transfers, 💰💰 custom gas tokens, and compatibility with major standards. 🌟🚀
🌟🚀 EVM compatibility + Bitcoin anchoring: A combination that may appeal to both smart-contract developers and large-scale holders of Bitcoin. 🔗⚡
@Plasma #Plasma $XPL
🔗⚡ #Plasma A blockchain optimized for stablecoins rather than general 🔥 -purpose might mean fewer trade 💰💝 -offs and stronger product-market fit.🔗⚡
Ambitious backing & liquidity: 📈✨ The reported launch numbers are strong which suggests initial adoption. 💝💰
👀🐳 Technical design aligned with payments: Features like zero-fee transfers, 💰💰 custom gas tokens, and compatibility with major standards. 🌟🚀
🌟🚀 EVM compatibility + Bitcoin anchoring: A combination that may appeal to both smart-contract developers and large-scale holders of Bitcoin. 🔗⚡
@Plasma #Plasma $XPL
Security And audits $MORPHO 🌟🚀
#Morpho 📈✨ has undergone multiple
👾🔥 security reviews: Trail of Bits, Spearbit, Pessimistic, Omniscia, ChainSecurity, 🔗⚡etc. Audit reports & remediation history are published in the docs.💰💝 Audit/verification reduces but does not eliminate risk 🔥— also important because any fee-capture change still depends on secure treasury multisig execution. 💰♥️
@Morpho Labs 🦋 #Morpho $MORPHO
#Morpho 📈✨ has undergone multiple
👾🔥 security reviews: Trail of Bits, Spearbit, Pessimistic, Omniscia, ChainSecurity, 🔗⚡etc. Audit reports & remediation history are published in the docs.💰💝 Audit/verification reduces but does not eliminate risk 🔥— also important because any fee-capture change still depends on secure treasury multisig execution. 💰♥️
@Morpho Labs 🦋 #Morpho $MORPHO
The fee model $MORPHO 📈✨
Protocol-level fee switch 🔥
🌟🚀 The core #Morpho smart contracts include a fee parameter 💰🔥 / switch that governance can activate and set (0–25% cap). 🔗⚡ When enabled, 🐳💰 a fraction of borrower interest is diverted from the P2P spread into a fee recipient (the DAO treasury or designated address). 💝👾
Capped at 25% 🌟🚀
💝🔥 Governance can set the percent but cannot exceed 25% (this is enforced in contract logic / protocol docs). 🔗⚡ In practice this means borrowers would still pay the underlying interest + P2P margin, 🌟🚀 but up to 25% of interest paid could be captured. ♥️💝
Per-market vs global behaviour 📈✨
📈✨ The docs and governance notes indicate fee control can be adjusted via governance and managed at the protocol 💰♥️ (Morpho) level; some markets may be governed or configured with their own settings. 🌟🚀 The fee switch is a governance action that affects markets where it's enabled. 👀👾
@Morpho Labs 🦋 #Morpho $MORPHO
Protocol-level fee switch 🔥
🌟🚀 The core #Morpho smart contracts include a fee parameter 💰🔥 / switch that governance can activate and set (0–25% cap). 🔗⚡ When enabled, 🐳💰 a fraction of borrower interest is diverted from the P2P spread into a fee recipient (the DAO treasury or designated address). 💝👾
Capped at 25% 🌟🚀
💝🔥 Governance can set the percent but cannot exceed 25% (this is enforced in contract logic / protocol docs). 🔗⚡ In practice this means borrowers would still pay the underlying interest + P2P margin, 🌟🚀 but up to 25% of interest paid could be captured. ♥️💝
Per-market vs global behaviour 📈✨
📈✨ The docs and governance notes indicate fee control can be adjusted via governance and managed at the protocol 💰♥️ (Morpho) level; some markets may be governed or configured with their own settings. 🌟🚀 The fee switch is a governance action that affects markets where it's enabled. 👀👾
@Morpho Labs 🦋 #Morpho $MORPHO
Key Use-Cases $XPL 🌟🚀
🔥💝 Global remittances $XPL / cross-border payments: By enabling low-feecost or feefree stablecoin transfers, 🔗⚡ Plasma aims to streamline moving money internationally.🔥🐳
👾🔥 Everyday spending & savings in stablecoins: With a focus on stablecoin rails,
📈✨ it’s targeting real-world use rather than only speculative DeFi. ♥️🐳
💰🔥 DeFi infrastructure: Since it's EVM-compatible, 📈✨ DeFi protocols can deploy on Plasma with stablecoin-native advantages. 🔗⚡
🔥♥️ Bridging Bitcoin liquidity into smart-contract ecosystem: 🔗⚡ Through pBTC and the Bitcoin bridge, it brings Bitcoin holders into DeFi. 🔥💰
@Plasma #Plasma $XPL
🔥💝 Global remittances $XPL / cross-border payments: By enabling low-feecost or feefree stablecoin transfers, 🔗⚡ Plasma aims to streamline moving money internationally.🔥🐳
👾🔥 Everyday spending & savings in stablecoins: With a focus on stablecoin rails,
📈✨ it’s targeting real-world use rather than only speculative DeFi. ♥️🐳
💰🔥 DeFi infrastructure: Since it's EVM-compatible, 📈✨ DeFi protocols can deploy on Plasma with stablecoin-native advantages. 🔗⚡
🔥♥️ Bridging Bitcoin liquidity into smart-contract ecosystem: 🔗⚡ Through pBTC and the Bitcoin bridge, it brings Bitcoin holders into DeFi. 🔥💰
@Plasma #Plasma $XPL
Vault fees 🌟🚀 $MORPHO
📈✨ $MORPHO Vault V1 / V2 fee mechanisms: Vault managers / curators can set fees 🔗⚡ within the Vault contract design. 🔥💝 Those fees are taken from vault returns and paid to curators — this is independent of the protocol fee switch.
🌟🚀Vaults therefore already enable economic activity and revenue capture at the vault level. 👾💰
Universal Rewards Distributor : 🔗⚡ Morpho uses Merkle/URD distributors to pay multi-token rewards;💝🔥 incentives distribution is on-chain and timelocked/updatable via multisig/updaters. 🐳♥️ This is how MORPHO rewards and partner incentives are delivered. 📈✨
@Morpho Labs 🦋 #Morpho $MORPHO
📈✨ $MORPHO Vault V1 / V2 fee mechanisms: Vault managers / curators can set fees 🔗⚡ within the Vault contract design. 🔥💝 Those fees are taken from vault returns and paid to curators — this is independent of the protocol fee switch.
🌟🚀Vaults therefore already enable economic activity and revenue capture at the vault level. 👾💰
Universal Rewards Distributor : 🔗⚡ Morpho uses Merkle/URD distributors to pay multi-token rewards;💝🔥 incentives distribution is on-chain and timelocked/updatable via multisig/updaters. 🐳♥️ This is how MORPHO rewards and partner incentives are delivered. 📈✨
@Morpho Labs 🦋 #Morpho $MORPHO
Revenue & earnings reality 📈✨
🔗⚡ Many $MORPHO analytics sites currently report protocol revenue = $0 and fees (annualized) as a separate metric; 🔥💝 earnings may be negative after incentives. That aligns with docs showing the fee capture is optional and must be activated; 🌟🚀 otherwise most value flows to users via improved rates or incentive rewards. 💰🔥 If you want a project to generate treasury revenue, 🔗⚡ governance must enable the fee switch and determine. 🌟🚀
@Morpho Labs 🦋 #Morpho $MORPHO
🔗⚡ Many $MORPHO analytics sites currently report protocol revenue = $0 and fees (annualized) as a separate metric; 🔥💝 earnings may be negative after incentives. That aligns with docs showing the fee capture is optional and must be activated; 🌟🚀 otherwise most value flows to users via improved rates or incentive rewards. 💰🔥 If you want a project to generate treasury revenue, 🔗⚡ governance must enable the fee switch and determine. 🌟🚀
@Morpho Labs 🦋 #Morpho $MORPHO
Token $XPL & Economics 🌟🚀
🔥🔥 Token symbol: $XPL .
Maximum supply: 10 billion XPL. 💝💰
Token distribution:👾👾 According to sources:
📈✨ Public sale: ~10% (≈ 1 billion XPL)
Ecosystem & Growth: ~40% (≈4 billion) for liquidity, partnerships, DeFi incentives. 🔗⚡
Team: ~25% (≈2.5 billion) with vesting.
Investors: ~25% (≈2.5 billion) with vesting. 💝
Inflation / rewards: 💝🔥 When staking is fully enabled, the annual inflation is expected to start around 5% then taper toward ~3%. Fee-burning mechanisms help offset inflation. 📈✨
Pay transaction fees 🌟🚀
💝💰 Stake by validators to secure the network; token holders will be able to delegate. 🔥
Governance / ecosystem incentives. 📈✨
@Plasma #Plasma $XPL
🔥🔥 Token symbol: $XPL .
Maximum supply: 10 billion XPL. 💝💰
Token distribution:👾👾 According to sources:
📈✨ Public sale: ~10% (≈ 1 billion XPL)
Ecosystem & Growth: ~40% (≈4 billion) for liquidity, partnerships, DeFi incentives. 🔗⚡
Team: ~25% (≈2.5 billion) with vesting.
Investors: ~25% (≈2.5 billion) with vesting. 💝
Inflation / rewards: 💝🔥 When staking is fully enabled, the annual inflation is expected to start around 5% then taper toward ~3%. Fee-burning mechanisms help offset inflation. 📈✨
Pay transaction fees 🌟🚀
💝💰 Stake by validators to secure the network; token holders will be able to delegate. 🔥
Governance / ecosystem incentives. 📈✨
@Plasma #Plasma $XPL
How matching & rates work $MORPHO 💝🔥
🌟🚀 Two layers of rates: the base pool rate, and (B) the P2P rate that $MORPHO computes for matched participants. 💰👾 Morpho sets P2P rates so matched lenders get a share of the spread 📈✨ and matched borrowers pay less than base pool borrow APR. 🔗⚡ The Yellow Paper formalises this: matching reduces the spread between ♥️💰 supply/borrow while preserving pool invariants (liquidity, liquidations). 🌟🚀
📈✨ Utilization & matching priority: 🔗⚡ Morpho maintains internal accounting of available P2P supply and demand per market.
📈✨ When utilization is high, 🔥💝 more matching occurs and P2P rates deviate more from base pool rates. ♥️💰 When utilization is low, transactions route to the pool and P2P benefits shrink. 🌟🚀
@Morpho Labs 🦋 #Morpho $MORPHO
🌟🚀 Two layers of rates: the base pool rate, and (B) the P2P rate that $MORPHO computes for matched participants. 💰👾 Morpho sets P2P rates so matched lenders get a share of the spread 📈✨ and matched borrowers pay less than base pool borrow APR. 🔗⚡ The Yellow Paper formalises this: matching reduces the spread between ♥️💰 supply/borrow while preserving pool invariants (liquidity, liquidations). 🌟🚀
📈✨ Utilization & matching priority: 🔗⚡ Morpho maintains internal accounting of available P2P supply and demand per market.
📈✨ When utilization is high, 🔥💝 more matching occurs and P2P rates deviate more from base pool rates. ♥️💰 When utilization is low, transactions route to the pool and P2P benefits shrink. 🌟🚀
@Morpho Labs 🦋 #Morpho $MORPHO
Governance mechanics $MORPHO 🌟🚀
📈✨ $MORPHO governance has explicit privileges including: control of governance treasury, 🌟🚀 ownership of upgradeable token contract, activating/adjusting the fee switch (0–25% cap), 🔗⚡ setting fee recipient, and whitelisting LLTV/IRM param sets for markets.
💝💰 Because the fee switch is a governance-activated lever, 👀🐳 revenue to treasury is political — it requires proposals and votes. 🌟🚀
@Morpho Labs 🦋 #Morpho $MORPHO
📈✨ $MORPHO governance has explicit privileges including: control of governance treasury, 🌟🚀 ownership of upgradeable token contract, activating/adjusting the fee switch (0–25% cap), 🔗⚡ setting fee recipient, and whitelisting LLTV/IRM param sets for markets.
💝💰 Because the fee switch is a governance-activated lever, 👀🐳 revenue to treasury is political — it requires proposals and votes. 🌟🚀
@Morpho Labs 🦋 #Morpho $MORPHO
Strengths 🌟🚀 $XPL
📈✨ The $XPL stablecoin/payment-first model is distinct from many chain projects that chase “everything”. 🔥💰 This specialization can be a strength if executed. 🔗⚡
🔗⚡Security anchoring: If truly anchored to Bitcoin’s security, that could offer a robust trust base. 🌟🚀
💝🔥 Lower fees + high throughput: If fee-less or very low-fee transfers become practical at scale, 💰🐳 this is an attractive value proposition in payments/remittances. 🌟🚀
📈✨ Strong investor/backer mentions: Some commentary references backing by firms such as Framework Ventures, 👀💝 Founders Fund, and associations with stablecoin/crypto infrastructure players. 🌟🚀
@Plasma #Plasma $XPL
📈✨ The $XPL stablecoin/payment-first model is distinct from many chain projects that chase “everything”. 🔥💰 This specialization can be a strength if executed. 🔗⚡
🔗⚡Security anchoring: If truly anchored to Bitcoin’s security, that could offer a robust trust base. 🌟🚀
💝🔥 Lower fees + high throughput: If fee-less or very low-fee transfers become practical at scale, 💰🐳 this is an attractive value proposition in payments/remittances. 🌟🚀
📈✨ Strong investor/backer mentions: Some commentary references backing by firms such as Framework Ventures, 👀💝 Founders Fund, and associations with stablecoin/crypto infrastructure players. 🌟🚀
@Plasma #Plasma $XPL
Tokenomics & vesting 🌟🚀
📈✨ Total supply: 1,000,000,000 $MORPHO .🔥🔥$MORPHO Token distribution includes founders, strategic partners, 🔗⚡ community, treasury; cohorts have multi-year vesting schedules.
💰💝 Exact cohort details are documented in the token page and third-party trackers (unlocks & cliffs noted)🌟🚀. Expect periodic unlocks that can create sell pressure. 📈✨
@Morpho Labs 🦋 #Morpho $MORPHO
📈✨ Total supply: 1,000,000,000 $MORPHO .🔥🔥$MORPHO Token distribution includes founders, strategic partners, 🔗⚡ community, treasury; cohorts have multi-year vesting schedules.
💰💝 Exact cohort details are documented in the token page and third-party trackers (unlocks & cliffs noted)🌟🚀. Expect periodic unlocks that can create sell pressure. 📈✨
@Morpho Labs 🦋 #Morpho $MORPHO
Token And Economics $XPL 🌟🚀
🌟🚀 The native token symbol appears to be $XPL in many commentaries. 💰💝
🔗⚡ At launch in late September 2025, 🔥 the token is already listed on exchanges and has had promotional / launch-pool campaigns. 📈✨
💝💰 Supply / valuation claims vary. Eg: a Reddit summary claimed FDV ~ 📈✨ US$500 million, though independent verification is needed. 🔗⚡
🌟🚀 Token utility: The token is expected to accrue value via the chain’s settlement activity 🐳🔥 (fees, transfers, validator rewards) and to support network participation. 🔥
@Plasma #Plasma $XPL
🌟🚀 The native token symbol appears to be $XPL in many commentaries. 💰💝
🔗⚡ At launch in late September 2025, 🔥 the token is already listed on exchanges and has had promotional / launch-pool campaigns. 📈✨
💝💰 Supply / valuation claims vary. Eg: a Reddit summary claimed FDV ~ 📈✨ US$500 million, though independent verification is needed. 🔗⚡
🌟🚀 Token utility: The token is expected to accrue value via the chain’s settlement activity 🐳🔥 (fees, transfers, validator rewards) and to support network participation. 🔥
@Plasma #Plasma $XPL
How to interpret this $MORPHO 📈✨
🔗⚡ Although $MORPHO “Fees” are reported (≈ US $284 m annualised) 🌟🚀 it appears these are gross protocol fees and not net revenue 🔥💝🔥 recognized by the protocol treasury/governance. 📈✨
💰💝 “Revenue” being reported as zero suggests that the protocol 🔥 hasn’t yet activated its mechanism to capture and retain fees in the treasury/governance. 🔗⚡ The protocol may currently pass through most of the value to users (suppliers/borrowers) rather than capturing it. 📈✨
💰💰 “Earnings” being negative means that after incentives the protocol’s net position is a loss (-US $22.28 m annualised). 🌟🚀 This implies that incentives are significant and exceed the protocol’s fee capture. 💝💝
📈✨ The article about “Zero Protocol Fees” backs up that the fee model is not yet active 🔗⚡ and that revenue could start when governance chooses to turn on the fee switch. 💰💝
@Morpho Labs 🦋 #Morpho $MORPHO
🔗⚡ Although $MORPHO “Fees” are reported (≈ US $284 m annualised) 🌟🚀 it appears these are gross protocol fees and not net revenue 🔥💝🔥 recognized by the protocol treasury/governance. 📈✨
💰💝 “Revenue” being reported as zero suggests that the protocol 🔥 hasn’t yet activated its mechanism to capture and retain fees in the treasury/governance. 🔗⚡ The protocol may currently pass through most of the value to users (suppliers/borrowers) rather than capturing it. 📈✨
💰💰 “Earnings” being negative means that after incentives the protocol’s net position is a loss (-US $22.28 m annualised). 🌟🚀 This implies that incentives are significant and exceed the protocol’s fee capture. 💝💝
📈✨ The article about “Zero Protocol Fees” backs up that the fee model is not yet active 🔗⚡ and that revenue could start when governance chooses to turn on the fee switch. 💰💝
@Morpho Labs 🦋 #Morpho $MORPHO
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